Opendoor became one of the most high-profile firms to announce an intention to go public via a SPAC merger. And in confirming the news, Opendoor unveiled the most detailed look so far at the financials of its internet-enabled home-buying business. One thing that quickly became clear is why Opendoor needed to cut 35% of its staff, or 600 people, earlier this spring. The company reported a net...
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The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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